Q1 miss, 2025-27e adj. EBITA cut 4-5% FY guidance kept, we estimate 7% EBITA growth in 2025e Share at 11.4x 2025e EV/EBITA Soft Q1 but ramp-up expected in 2025 Q1 missed expectations vs. both ABGSCe and FactSet consensus on growth and margins, but we...

1% organic growth (cons 4%) and EBITA -13% vs cons Reiterates 2025 guidance of EBITA >2024, Q1 EBITA 0% y-o-y See AI related cost savings, estimates -5-8% and share similarily Q1 details Sales SEK 647m (-5% vs ABG 678m, -5% vs cons 680m), adj. EBITA ...

Q1 likely solid, Q2 comments on activity in focus We expect FY guidance to be reiterated EBITA -3-4% '25-27e on neg. underlying/FX and pos. M&A Focus on the US market and 2025 guidance BTS delivers its Q1 report on 16 May, where we expect relatively ...

Guiding for higher organic growth and margin expansion in 2025e Acquisition of Sounding Board should be followed by more 12.1x '25e EV/adj. EBITA with 15% EBITA CAGR '25-27e We expect improved organic growth in 2025e The relatively weak organic growth...

Acquires US technology company Sounding Board Adds 2.5% to group sales, marginally to 2025e EBITA, positive to 2026e M&A headroom remains significant with net cash of SEK 280 million Acquiring tech platform Sounding Board BTS announced this morning its...